U.S. companies that rely solely on standard accounting to report their financial results are in the minority, and their numbers are shrinking fast. Just 29 companies in the S&P 500 index—or 5.7% of the total—closed their books for 2015 exclusively using U.S. Generally Accepted Accounting Principles, or GAAP. That’s a sharp decline from 25%...

Source: Wall Street Journal June 28, 2016 04:04 UTC